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This comprehensive collection provides a remarkable wealth of information and a timely assessment of China's economic development and integration with the global economy after WTO accession. Chunlai Chen brings together a distinguished group of scholars who employ economic theories, econometric modelling techniques and the latest statistics to analyze many important issues. These hotly debated topics include China's economic growth, international trade, regional trade arrangements, foreign direct investment, banking sector liberalization, exchange rate reform, agricultural trade and energy demand. Aimed at an international audience, this highly focused book will be of great benefit to academics and postgraduate students involved in Chinese economy and business studies, as well as researchers in international trade and foreign investment.--Publisher.
China is perhaps the most prominent example of a developing country that has transitioned from taxing to supporting agriculture. In recent years, Chinese price supports and subsidies have risen at an accelerating pace after they were linked to rising production costs. Per-acre subsidy payments to grain producers now equal 7 to 15 percent of those producers' gross income, but grain payments appear to have little influence on production decisions. Chinese authorities began raising price supports annually to bolster incentives, and Chinese prices for major farm commodities are rising above world prices, helping to attract a surge of agricultural imports. U.S. agricultural exports to China tripled in value during the period when China's agricultural support was accelerating. Overall, China's expansion of support is loosely constrained by World Trade Organization (WTO) commitments, but the country's price-support programs could exceed WTO limits in coming years. Chinese officials promise to continue increasing domestic policy support for agriculture, but the mix of policies may evolve as the Chinese agricultural sector becomes more commercialized and faces competitive pressures.
News: Mao Yushi, one of China''s most outspoken and influential activists for individual rights and free markets, has been named the 2012 winner of the Cato Institute''s Milton Friedman Prize for Advancing Liberty . The objective of publishing this book is to let the general public have a better understanding of the food security situation in China and better comprehension of the merit of allocating land through market mechanism. In addition, it makes the public aware of the inefficiencies of current government regulated land system.As a populous country in the world, China emphasizes too much importance of food to ensure people''s sufficient consumption. There is a national policy to protect farm land, farm land protection refers to 18 hundred million mu of farmland which is specifically designated for food production only. Unirule defined the national food security as the capability to solve food shortages, and calculated the gap between food supply and demand. Two approaches can be used to solve the above food gap. Food security problems will not happen under situations of free trade and factors substitution in market economy, substantial storage and foreign exchange income. In modern China, food insecurity or great famine only happened in planned economy. To link tightly farm land size and grain yield and even food security is baseless both in theory and practices. The previous red line of 21 hundred million mu was already broken through. The current red line of 18 hundred million mu will also be broken through, in view of the process of industrialization and urbanization. In fact, farm land protection should focus on protecting the employment right of peasant in land.
China, with over 20 percent of the earth's population, is both the world's largest producer and largest consumer of cereal grains. As a consequence, the supply and demand of grain in China will have a major impact on the world food trade. In this comprehensive study of China's grain production and trade, Colin A. Carter and Fu-Ning Zhong trace the
To feed its 1.2 billion people, China may soon have to import so much grain that this action could trigger unprecedented rises in world food prices. In Who Will Feed China: Wake-up Call for a Small Planet, Lester Brown shows that even as water becomes more scarce in a land where 80 percent of the grain crop is irrigated, as per-acre yield gains are erased by the loss of cropland to industrialization, and as food production stagnates, China still increases its population by the equivalent of a new Beijing each year. When Japan, a nation of just 125 million, began to import food, world grain markets rejoiced. But when China, a market ten times bigger, starts importing, there may not be enough grain in the world to meet that need - and food prices will rise steeply for everyone. Analysts foresaw that the recent four-year doubling of income for China's 1.2 billion consumers would increase food demand, especially for meat, eggs, and beer. But these analysts assumed that food production would rise to meet those demands. Brown shows that cropland losses are heavy in countries that are densely populated before industrialization, and that these countries quickly become net grain importers. We can see that process now in newspaper accounts from China as the government struggles with this problem.
The FDA¿s increased attention to food imports from China is an indicator of safety concerns as imported food becomes more common in the U.S. Addressing safety risks associated with these imports is difficult because of the vast array of products from China, China¿s weak enforcement of food safety standards, its heavy use of ag. chem., and environ. pollution. FDA refusals of food shipments from China suggest recurring problems with ¿filth,¿ unsafe additives, labeling, and vet. drug residues in fish and shellfish. Chinese authorities try to control food export safety by certifying exporters and the farms that supply them. However, monitoring such a wide range of products for the different hazards is a difficult challenge for Chinese and U.S. officials. Ill.